Potash Mining News

Today in Commodities: Tipping Point

We feel that some commodity prices are getting overextended and very close to their tipping pint. Far from an ultimate top but ready for a healthy correction. Crude traded to its highest level in two […]

Potashcorp sees more green pastures

When Potash Corporation of Saskatchewan released its Q1 financial statements on Saturday, it said there were more good things happening in the industry. "With rising demand putting pressure on global supplies of a wide range […]

Q1: PotashCorp Reports Record First-Quarter Earnings on Stronger Prices and Volumes

Potash Corporation of Saskatchewan Inc. (PotashCorp) today reported record first-quarter earnings of $0.84 per share1 ($732 million), 71 percent above the $0.49 per share ($444 million) earned in the same period last year. Strong demand and improved prices for all three nutrients resulted in record first-quarter gross margin of $1.1 billion, significantly above the $729 million earned in last year’s first quarter. Earnings before finance costs, income taxes and depreciation and amortization (EBITDA)2 of $1.1 billion and cash flow prior to working capital changes2 of $899 million substantially exceeded the first-quarter 2010 totals of $776 million and $633 million, respectively.

Ringbolt receives "first drill permit" for Lisbon Valley Utah potash project

Ringbolt Ventures Ltd. (the "Company" or "Ringbolt") (TSX VENTURE:RBV)(OCTBB:RNGTF)(FRANKFURT:3OZ) is pleased to announce that it has received a permit to carry out an initial drilling program. The State of Utah, Department of Natural Resources, Division of Oil, Gas, and Mining has approved a "Notice of Intent of Conduct Exploration" for drilling. The planned exploration will primarily consist of drilling to a depth of approximately 5,000 feet to test the potash and salt horizons on one of its state leases.

Sherritt's Q1 earnings up 116% to $63.6 million

Sherritt's Q1 earnings rose 116% over the same quarter a year ago. The company reported net earnings on Thursday of $63.6 million or 22 cents a share. A year ago, the company reported only $29.4 million in net earnings or 10 cents a share. The company's sales volumes were up slightly. Sherritt's sales volumes of nickel, reported in thounsands of pounds, was 9,438 in 2011 and 9,392 in 2010, less than a one per cent increase.

Commodities: No bubble here

With commodity prices up so much over the past several years, you can forgive long-term value investors for giving them a miss. Who wants to risk exposure to another asset bubble so soon after the dot-com implosion and the U.S. housing mess?

Today in Commodities: Status quo from Fed

Nothing new to report from Uncle Ben and his cronies but at least there was more talk of inflation with rising commodity prices. The $2.50 range carried on in Crude again today as traders try […]

Allana Potash intersects shallow potash in a previously unexplored area

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that drill hole DK-11-16 intersected significant potash mineralization of 29.80% KCl over 4.00 metres starting at a depth of 125.20 metres. Hole 16 intersected two strong zones of potash mineralization which are interpreted to correlate with the Sylvinite Zone and Kainitite Zone in a previously unexplored part of the basin. The Sylvinite Zone returned 6.50 metres of sylvinite which graded 24.79 % KCl and includes a 4.00 metre interval that returned 29.80% KCl. Further down the hole, 5.00 metres of kainitite was intersected which returned 20.29% KCl.

Allana Potash continues to intersect high grade potash at shallow depths with 47.81 percent KCL over one metre

Allana Potash Corp. (TSX VENTURE:AAA) ("Allana" or the "Company") is pleased to announce that drill hole DK-11-13 intersected significant potash mineralization including one metre of 47.81% KCl. Hole DK-11-13 intersected two robust potash zones which appear to correlate with the Sylvinite Zone and Kainitite Zone. The Sylvinite Zone returned 2.8 metres of sylvinite which graded 45.86 % KCl and includes a one metre interval that returned 47.81% KCl. Further down the hole, 8.7 metres of kainitite was intersected which returned 22.91% KCl.

Robert Winslow: potash stocks grow with agriculture boom

Planet Earth is in the midst of a food bull market. Wellington West Capital Markets Managing Director Robert Winslow follows small-cap agricultural stocks that can give investors both diversification and leverage to achieve double-digit percentage […]

Mesa Exploration acquires potash projects

Mesa Exploration Corp. (TSX VENTURE:MSA)(PINK SHEETS:MSAJF) has acquired the White Mountain Potash Project in western Utah consisting of approximately 1,700 acres of Federal Potash Permit Applications. Potash occurs at the White Mountain project in the […]

Orocobre Limited: first battery grade lithium carbonate produced from Salar de Olaroz

Orocobre Limited (TSX:ORL)(ASX:ORE) is pleased to report that it has produced battery grade lithium carbonate from Salar de Olaroz brines. Orocobre's analysis shows that the lithium carbonate is of greater than 99.9% purity* and of higher purity than the specifications for battery grade material sold by existing producers. This material was produced by refining a lower purity product previously produced at the company's facilities at Olaroz with recirculated brines. As such, the Company considers the material to be representative of what could be expected in commercial production.

PotashCorp teams up with Redpath and Thyssen on Scissors Creek shaft project

One of the world’s largest potash producers, Potash Corporation of Saskatchewan (PotashCorp) has teamed up with joint venture partners, Redpath and Thyssen Mining in the newly formed Associated Mining Construction (AMC) for the first new potash mine shaft in Saskatchewan to have been built in over forty years - Scissors Creek.

Rodinia Lithium announces commencement of Preliminary Economic Assessment for the Salar De Diablillos

Rodinia Lithium Inc. (TSX-V:RM)(OTCQX:RDNAF) has commenced work to has commenced work to aggressively accelerate completion of a Preliminary Economic Assessment ("PEA") of its Salar de Diablillos property in Argentina following its recent announcement of an inferred recoverable resource.

Orocobre Limited: increased and upgraded resource at Olaroz Lithium-Potash Project

Orocobre Limited (TSX:ORL)(ASX:ORE) reports a substantially increased and upgraded resource estimate at its flagship Salar de Olaroz lithium-potash project in Jujuy province in north-west Argentina. This follows completion of a comprehensive resource definition drilling program undertaken throughout 2010.

Potash Supply

Cloth-dying and soap-making have employed residue from boiled plant material since ancient times. The plants are reduced to brine and that evaporated until only the useful “potash” remains.

Uralkali, Silvinit to mine 10.6 million tonnes of potash

Reuters reported that Russian potash miners Uralkali (URKA.MM) and Silvinit (SILV.MM) expect to produce a combined 10.6 million tonnes of potash this year, up from 10.3 million tonnes in 2010.

Japan quake fails to rattle potash

Potash Investing News reports on how the Japanese earthquake and tsunami have impacted the market for potash: While grain prices have been experiencing volatility in the aftermath of Japan’s earthquake, potash prices have yet to feel the effects.

Potash junior successfully raises $20m

TSX V-listed IC Potash, which has projects in New Mexico, said on Thursday it had successfully raised $20-million in a bought deal offering. The company will use the money to develop its Ochoa project

PotashCorp’s Allan mine in expansion mode

The increase in the demand for potash, along with higher prices, is fuelling an expansion of PotashCorp's Allan mine in Sasatchewan, The Star Phoenix reports. The $550 million expansion began in 2009 and is expected to push production at the site from two million to three million tonnes per year by 2012: “Over the last two decades the potash industry has been fairly stable, it had plateaued,” said Larry Long, general manager of the Allan mine. “Now with all the influx of orders for potash, the market has expanded quite a bit, countries all over the world are using our product at a higher rate, so we are in a position where we have to expand to meet the demand.

Follow the money: how to profit from copper's next wave

Investing in copper might be the simplest way to profit from the ongoing global urbanization.

Sirius Minerals planning huge potash mine in Yorkshire, UK

A giant mine on the coast of Yorkshire "will unearth billions" of pounds of potash, according to a report in The Scarborough Evening News: The newspaper said plans were unveiled last month when mineral rights […]

Potash inventories tighten in January

PotashCorp said on Tuesday that inventory in January was down 84,770 tonnes, about 24% below the previous five-year average. PotashCorp produces approximately 23% of the world's supply of potash. It is also a major producer of phosphate and nitrogen. Current spot prices puts potash at just under $400 a ton. Jay Taylor, editor of J. Taylor's Gold, Energy & Tech Stocks newsletter, says that major potash firms are trying to improve their positions, so they can benefit from a sector that is expected to grow.

Israel Chemicals to supply 500,000 tons of potash to China

ICL says a new potash contract further strengthens the Israeli company's presence in the growing Chinese market.

The potash sector and those climbing valuation premiums

Investors have been looking with interest at the potash sector ever since BHP Billiton's $38.6 billion overture for Potash Corp. of Saskatchewan. Even though that takeover battle ended in an outright rejection of the offer, […]